Coca-Cola’s India bottling arm files draft papers for Rs 9,500 crore IPO
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Hindustan Coca-Cola Holdings filed draft papers with SEBI for a Rs 9,500 crore IPO.
- ✓The issue is an offer for sale of equity shares, meaning the company gets no funds.
- ✓The firm said, "Our Company will not receive any proceeds from the Offer." Many top banks are managing this deal.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
Hindustan Coca-Cola Holdings plans to conduct an initial public offering through an offer for sale of equity shares. The proposed IPO is expected to raise around $1 billion, aiming for a valuation of $10 billion. Coca-Cola Company and Jubilant Bhartia Group hold significant stakes in the company after a recent stake sale. The IPO proceeds will benefit the promoter selling shareholder with no funds directed to Hindustan Coca-Cola Holdings.
Hindustan Coca-Cola Holdings (HCCH), the parent company of Hindustan Coca-Cola Beverages (HCCB) and The Coca-Cola Company’s largest bottling partner in India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its proposed initial public offering (IPO).
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The Economic Times
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